Thermo Fisher Scientific Inc (TMO)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	17,792,000	17,385,000	17,486,000	17,506,000	17,562,000	17,801,000	17,803,000	18,169,000	19,500,000	20,165,000	20,531,000	20,489,000	20,234,000	20,517,000	20,176,000	18,989,000	16,505,000	13,981,000	12,413,000	11,735,000
Revenue (ttm)	US$ in thousands	42,879,000	42,370,000	42,346,000	42,492,000	42,857,000	43,421,000	43,524,000	43,807,000	44,915,000	44,167,000	42,820,000	41,123,000	39,211,000	39,059,000	38,250,000	35,894,000	32,218,000	28,497,000	26,248,000	25,647,000
Gross profit margin		41.49%	41.03%	41.29%	41.20%	40.98%	41.00%	40.90%	41.48%	43.42%	45.66%	47.95%	49.82%	51.60%	52.53%	52.75%	52.90%	51.23%	49.06%	47.29%	45.76%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $17,792,000K ÷ $42,879,000K
= 41.49%

Thermo Fisher Scientific Inc's gross profit margin has shown fluctuating trends over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at 45.76% in March 2020 and reached its peak at 52.90% in March 2021, indicating an improvement in the company's ability to generate profits from its core operations.

However, from June 2021 onwards, there was a slight decline in the gross profit margin, with fluctuations in subsequent quarters. The gross profit margin declined to 40.90% in June 2023 before slightly recovering to 41.49% by December 2024.

The overall downward trend in the gross profit margin from March 2021 to December 2024 suggests potential challenges in maintaining profitability levels, possibly due to factors such as pricing pressures, increasing costs, or changes in product mix. Thermo Fisher Scientific Inc may need to assess its operational efficiency and cost structure to sustain or improve its gross profit margin in the future.